SEC Form 4 · accession 0001001039-17-000244
WALT DISNEY CO/ · DIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan N Braverman
Officer — Sr EVP, General Counsel & Secy
Period of report
Dec 17, 2017
Accepted (ET)
Dec 19, 2017 · 8:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001001039
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Disney Common StockF1 | Dec 17, 2017 | M | 2,123 | $111.30 | A | 109,324 | D | |
| Disney Common StockF2 | Dec 17, 2017 | F | 1,108 | $111.30 | D | 108,216 | D | |
| Disney Common StockF1 | Dec 18, 2017 | M | 2,540 | $111.14 | A | 110,756 | D | |
| Disney Common StockF3 | Dec 18, 2017 | F | 1,327 | $111.14 | D | 109,429 | D | |
| Disney Common StockF1 | Dec 18, 2017 | M | 10,560 | $111.14 | A | 119,988 | D | |
| Disney Common StockF4,F5 | Dec 18, 2017 | F | 5,512 | $111.14 | D | 114,551 | D | |
| Disney Common StockF6 | holding | — | — | — | 11,503 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF7,F1 | — | Dec 17, 2017 | M | 2,123 | D | — | Dec 17, 2017 | Disney Common Stock | 2,123 | 0 | D |
| Restricted Stock UnitF7,F1 | — | Dec 18, 2017 | M | 2,540 | D | — | Dec 18, 2017 | Disney Common Stock | 2,540 | 0 | D |
| Restricted Stock UnitF7,F1 | — | Dec 18, 2017 | M | 10,560 | D | — | Dec 18, 2017 | Disney Common Stock | 10,560 | 0 | D |
Explanation of responses
- F1Vesting of shares connected with grant under The Walt Disney Company's 2002 Executive Performance Plan and 2011 Stock Incentive Plan, previously reported on a Form 4 dated November 30, 2017. Includes dividend equivalents credited with respect to the award, pursuant to the terms thereof.
- F2The 1,108.2021 shares reported as a disposition represent an automatic reduction of shares issued to the reporting person to discharge withholding tax obligations of reporting person and do not constitute an actual sale or other open-market transaction. The total also reflects a deduction for cash paid in lieu of fractional shares upon conversion of previously-granted units to shares.
- F3The 1,326.7637 shares reported as a disposition represent an automatic reduction of shares issued to the reporting person to discharge withholding tax obligations of reporting person and do not constitute an actual sale or other open-market transaction. The total also reflects a deduction for cash paid in lieu of fractional shares upon conversion of previously-granted units to shares.
- F4The 5,511.7463 shares reported as a disposition represent an automatic reduction of shares issued to the reporting person to discharge withholding tax obligations of reporting person and do not constitute an actual sale or other open-market transaction. The total also reflects a deduction for cash paid in lieu of fractional shares upon conversion of previously-granted units to shares.
- F5The total includes dividend equivalent units net of taxes.
- F6Shares held in The Walt Disney Stock Fund as of December 18, 2017. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.
- F7Converts at 1-for-1.